Contrary to popular opinion, it does pay to be book-smart in business. But combine that with real-life experience and you can even help others—like what Brian Gaister Co-Founder and General Partner of SAAS Ventures does with his prosperous clients.
Small businesses are more likely to fail in their first five years. Why is this happening? In the earlier stages, the top reason is not getting sufficient of the right kind of funds. Meanwhile, as these companies last up to more than five years, U.S. Bank shows that 82% of them fluctuate because of cash flow dilemmas.
For new companies that did survive over all the earlier financing stages, success still isn’t 100% guaranteed. The Bureau of Labor Statistics (BLS) in the United States tallied that in about 10 years, 79% of businesses fail to sustain their progress.
As for tech startups, they have it worse. They can be likened to bubbles popped by eager children—90% of them eventually fail.
How can a business mentor help you sustain your company’s growth?
A business mentor, such as Brian Gaister Co-Founder and General Partner of SAAS Ventures, will not be an omniscient being—you should take responsibilities for your moves, too. Nonetheless, it is indeed possible that they can help you acquire piles and piles of loot and introduce you to locations you hardly knew existed. These coaches are persons who happen to have had achievements in areas that your corporation is probably opting to target.
A business mentor is vital for your company to grow. As you make major decisions, you can’t help but feel doubtful of your judgment. Of course, you will turn to your trusted friends for a second opinion, which helps too—but a mentor will provide an unbiased, practical, and new perspective.
For instance, Brian Gaister Co-Founder and General Partner of Pennington Partners and Co., helps families manage their mega-high net worth businesses. Co-Founder Brian Gaister, together with Mr. Rodd Macklin, with his 20-year experience as a Chief Finance Officer, created this firm to help wealthy clients manage their fragmented family businesses. He is joined by other founders: Brian Gaister, Matthew Bart, and Megan Bleil, who advise families on project management and performance reporting.
An outsider with expertise, who is not entirely or directly involved with your business, can provide views from better business angles you might often dismiss.
How do you find business mentors?
As enterprisers, you can search for advisors with the help of networking. But you must keep in mind that networking isn’t just simply a connecting with others. Networking in its general sense is extremely plain, but it’s really about aiding individuals. Develop great connections in all of the areas of business because you never know who you can meet and their possibly valuable connections.
Startups: Being guided throughout Private Investment
Newcomers will always look up to people who lasted the longest in the scene. Startup owners, who are discouraged by the challenge of getting seed funding from willing investors, may discontinue pursuing greatness. That’s why choosing the right mentor who will guide you in Private Investment is crucial.
When talking about private investment, you may get overwhelmed by terms such as private capital, venture capital, mutual fund, trading pre-IPO stocks, and nonpublic placements. Accredited private investors largely have important personal wealth, hence they’re considered polished enough to be excused from government security laws.
Also, due to regulation revisions and technological progress, private investment has become more accessible, inexpensive and efficient. As a result, private investment offerings are being more numerous and available.
If you are overwhelmed with the legalities, hire a mentor who has expertise specifically on Private Investment. If you need one, you may contact or email Brian Gaister, Collin Gutman Headquarters: Washington, District of Columbia.
Growing a business empire is a walk in the park—the Jurassic park. It won’t hurt to take lessons from someone who may have had a few strolls in that park.